Company Cars
This post on advisory fuel rates was originally published on 1 September 2020 and was updated on 1 March 2023 for freshness, accuracy and comprehensiveness. If you have an employee using a company car, you will be required to use the HMRC’s advisory fuel rates... 
Tax
If you are selling a residential property other than your private residence, then you must report the sale to HMRC within 30 days or 60 days for disposals after 27 October 2021, or you will have to pay penalties. New rules introduced from April 2021 mean that anyone...Tax, VAT
More people are working from home due to the pandemic, and many business owners are considering creating a dedicated home or garden office. However, there are several things to be considered before doing this. Tax on construction/conversion When building a dedicated...Budget, Farming, Tax
‘Bold and unprecedented’. That was the Chancellor’s description of the new 130% super-deduction for expenditure on new qualifying plant and machinery announced in the Budget. The headlines announced that for every pound invested; tax is cut by up to 25p. But what are... 
Company Cars
Many business owners provide their employees with vehicles to help them perform their work duties. But with commercial vehicles attracting a lower level of tax than company cars, the vehicle must meet the criteria set out by HMRC. HMRC states that a commercial vehicle...Tax
This post on personal tax accounts was originally published on 24 December 2020 and was updated on 10 November 2022 for freshness, accuracy and comprehensiveness. A Personal Tax Account is a safe and secure online account for you to check, update and manage your... This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT Privacy & Cookies Policy
